The answer is right in front of you…Examine the structure of any REIA and look who is on the Board of DirectorsAND..who the double tripple black diamond “supporters” are….

A judge won't hold them responsible for a long duration lease it they break it but I would bet they will hold you responsible if you try to break it. 

Carrying costs aka holdings costs, such as hard money payments, can be written off in the year that they happen.

We also bought another property which we currently converting into duplex and hoping to hold this one long term.

Then I’ll work my way into holding for long term rentals.

If considering appreciation and buy and hold for 10+ years, and looking across my entire portfolio, I can afford to have negative cash flow on one property, while providing a good quality property at affordable, below market rates.

Making a list of the most important outcomes in the first 36 months is also key.I've done everything from wholesaling deals, fix and flips, buy & hold, STR's, commercial value-add, land entitlement then assigned off or sold to developers.

They are now holding my money hostage and have charged me for services I did not authorize, request, or even know were done.

If they keep putting it on the ballot and spending over $10m to support it, law of averages will indicate it could eventually pass.

Any insights or experiences you can share would be greatly appreciated, as I navigate this complex and potentially hazardous situation.Thank you for your support and guidance.